Bitnomial Launches First CFTC-Regulated Tezos (XTZ) Futures Product in the United States

BlockBeats News, February 4th. Chicago-based derivatives exchange Bitnomial announced the launch of the first regulated Tezos (XTZ) futures contract in the United States, targeting institutional investors. It has officially gone live, and retail users will be able to participate in trading through their Botanical platform.

Tezos project was first proposed in 2014 and raised about $232 million in its 2017 ICO, which was one of the largest ICOs in history. Tezos is known for its "self-amending" governance mechanism and early adoption of the PoS consensus.

Bitnomial has stated that it also plans to launch XTZ perpetual contracts and options products in the future. Tezos co-founder Arthur Breitman noted that the launch of regulated futures will help improve price discovery and risk hedging mechanisms, and drive institutional participation. Bitnomial had previously taken the lead in the U.S. by launching compliant derivatives for various crypto assets such as XRP, Solana, and Aptos.